Our reviewers evaluate products and services based on unbiased research. Top Consumer Reviews may earn money when you click on a link. Learn more about our process.

Loan Center Review

Saturday, October 16th

2021 Car Title Loan Provider Reviews

Loan Center Review 3.5 Star Rating

Loan Center

3.5 Star Rating
  • Loans from $2,000 to $30,000
  • Fees from 35.50% to 199.99% APR
  • "A+" rating from the BBB
  • Available in Arizona, California, Georgia, South Carolina, Missouri, New Mexico, Utah and Idaho
  • Loans available from $2000 to $30,000
  • Origination fees of up to 5%
  • Fully online process, including submitting the title

Loan Center is one of two car title loan services, along with 1 800 Car Title, operated by Wilshire Commercial Capital: an "A+" rated company with the BBB. No matter which one you choose, you'll have to be a resident of Arizona, California, Georgia, South Carolina, Missouri, New Mexico, Utah or Idaho to get a car title loan here.

Personal loans also available

One difference between the two sites is that Loan Center also makes personal loans available to their customers. These don't have to be secured with your vehicle's title, and you may want to consider looking at your options for that type of borrowing in addition to a car title loan.

Phone call required, but docs can be submitted online

The process for getting a car title loan here, compared with other lenders, is both easier and more complicated. On the one hand, you'll have to talk with a Loan Center loan officer over the phone before you can be approved: you'll submit your initial application online and then talk with a rep to finalize the loan. Many of Loan Center's rivals don't have that phone call requirement. On the other hand, all of your documents can be submitted electronically, saving you from having to go to a physical location near you to turn in your car title.

A+ from the BBB

Loan Center's parent company gets an "A+" from the Better Business Bureau, which isn't always easy to come by when you're talking about car title lenders. The BBB showed 25 complaints registered there in the year leading up to this evaluation, and Wilshire Commercial Capital responded quickly and appropriately to each one. Customer feedback elsewhere is harder to find. There are a handful of testimonials on the 1 800 Car Title sister site, but they're hand-selected by the company. We found very few independently-verified ratings from verified clients of Loan Center or 1 800 Car Title.

Best Car Title Loan Providers

Good customer service

We had a decent experience with Loan Center's customer service team via live chat. While we had one question that never got a response, the representative we got was helpful in answering our other questions.

More loan info, please

What went unanswered? We wanted to get an overall idea of how much we'd be able to borrow and what our interest rate would be, but there's nowhere on the site that lets you look it up state by state. The FAQ says to expect a loan amount from $2000 to $30,000 and with interest fees ranging from 35.5% to 199.99%. We'd like to see that information given more freely, instead of borrowers having to dig it up deep in the FAQ. The car title loan page also says that people can borrow up to $50,000: that's a lot more than what the FAQ says, and we're not sure which amount is correct without requesting a loan for each state where Loan Center works.

Expect an origination fee

We also found, in our digging, that Loan Center charges an origination fee of up to 5% on car title loans. Keep that in mind as you're calculating the cost of borrowing money through this provider.

Not a bad choice if you're eligible

Loan Center is a pretty solid option among car title loan providers. Their interest rates are competitive, their customer service team is helpful, and the company has a good reputation with the BBB. The limited number of states where they operate keeps Loan Center from ranking higher, but you shouldn't have trouble getting a car title loan here if you live in one of those locations.

Where Can You Find the Best Car Title Loans?

If you're considering a car title loan, chances are good that you've come across some unexpected bills. Maybe your car broke down and you need it fixed quickly to keep your job. Or your roof started to leak after a storm and you can't wait on your insurance adjuster to take months to get the claim paid. Many Americans find themselves in trouble and don't have many options for getting money fast. That's where car title loans come in.

How does this type of loan work? If you own a vehicle free and clear, you can use its title as collateral to secure a short-term loan. The good thing is, you don't have to stop using your car: continue to drive it as you usually would, until the loan is repaid in full and you get the title returned to you.

The Best Car Title Loan Providers Compare Car Title Loan Providers Compare Car Title Loan Provider Reviews What are the best Car Title Loan Providers Best Car Title Loan Provider Reviews

Car Title Loan Provider FAQ

A car title loan uses your vehicle as collateral for short-term borrowing. The amount of money you qualify to receive depends on the value of your car: you won't get Porsche-level dollars for a Pontiac! You turn in your car title to the lender and get it back when the loan is paid in full.
These loans are usually for consumers who don't qualify for more traditional forms of lending, due to a poor credit history or other circumstances. Also, most loans don't require collateral like a vehicle title to secure the funding.
Completing an online loan application can typically be done in just a few minutes. The rest depends on how close you are to an in-person location where the lender will collect your vehicle title and finish the application process. Some services can have your funds deposited within a few hours of turning in your car title.
These loans are considered to be short-term, so it's common for you to only have 15 to 30 days to pay it back. You definitely want to be careful to only use a car title loan if you anticipate having the money to pay off the loan in the near future!
A LOT, in all sincerity. APRs for car title loans can reach as high as 300%! Again, these loans are often a last resort when people have maxed out their credit cards, have no money in savings, and don't qualify for a more traditional form of lending.
Yes! That's one of the benefits of a car title loan: you can still use the vehicle to go to work, school, or anywhere else you need.
Plain and simple, you lose your car. The lender has the right to repossess it if you don't pay back the loan on time. However, some lenders might offer to extend your loan terms - for a fee, of course.
Yes, but there are lenders that are reputable and ones that are anything but. Plus, these loans should only be used under the most dire of circumstances, because they come with extremely high interest rates and severe consequences if you don't pay them back in a relatively short period of time.
Compare the Best Reviews

Continued from above...

Car title loans are also attractive because they rarely require you to have a great credit history: you're guaranteeing that you'll repay the loan by borrowing against your car's value, so credit isn't really a factor. Of course, that's one of the downsides too: if you don't pay the loan back, you stand to lose your transportation, and you can't borrow more than your car is worth. That's cool if you're driving a Porsche, but if you drive a 20-year-old beater you might not get much out of a title loan.

Another thing to keep in mind is that car title loans usually have really high interest rates: in the triple digits isn't unheard of. You'd be wise to see if other, lower-interest rate personal loans are a possibility before you turn to a car title loan for your cash needs.

So, all that being said, how can you tell which car title loan provider to use? There are a lot of them out there, and some of them are less-than-reputable in the way they treat customers. Here are a couple of factors to check out before you commit to a car title loan:

  • Reputation. First and foremost, what do people have to say about their experience with a particular lender? Was the borrowing process totally transparent - in other words, they knew what they were getting from start to finish? A positive rating from the Better Business Bureau is another good indicator that you can trust a given car title loan service.
  • Interest Rates. How much will your loan cost in the end?
  • Repayment Terms. How long will you have to pay your loan back in full? Will it be enough time to make every payment on or before the due date?
  • Convenience. How easy is it to apply for a car title loan? How quickly will your loan funds be deposited or paid via check? Do you have to bring your title to an in-person location, and if so, is there one near you?

TopConsumerReviews.com has evaluated and ranked the best options among providers of car title loans today. We're confident that this information will help you get the money you need with loan terms you can afford!

See the Best Car Title Loan Provider
The Best Reviews of Car Title Loan Providers